The move lower is on expectations that the Fed is planning an interest rate hike after its monetary policy meeting. Higher U.S. interest rates could spur an outflow of capital from many emerging markets, including Turkey, where private sector- foreign debt is now at $165.2 billion.
Borsa Istanbul started the trading day at 82.444,48 points, then tumbled 2778.49 points to 79.787,75 points, a drop of almost 3.7 percent .... http://www.turkishpress.com
